EXEC: Black Diamond Returns to U.S. Growth in Q1, Posting DD Gain as Inventory Clears
Johnson Outdoors Profits Shrink on Mid-Teens Decline in Fiscal Q2 Sales
EXEC: BOA Fuels CODI’s Q1 Branded Consumer Group; Primaloft Sees Order Growth
EXEC: Fenix Outdoor Sees Q1 Sales Decline, but DTC Shines
EXEC: Big 5 CEO Details Q1 Challenges; Offers Tepid Outlook for Near Term
SGB Update
Sturm, Ruger Cuts Jobs to Right-Size Business as Profits and Sales Decline
Accrued severances of $1.5 million related to a reduction in force that involved about 80 employees.are expected to be settled in cash and consist of one-time termination charges arising from severance obligations and other customary employee benefit payments.
GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent
Revenue from the retail channel was up 33 percent year-over-year, while GoPro.com revenue, including subscription and service revenue, was down 48 percent year-over-year.
Rapala VMC Mourns Passing of Long-Time CEO and Former Chair Jorma Kasslin
Jorma Kasslin reportedly died suddenly after a brief illness on April 14. Kasslin was 70 years old and had been a member of Rapala VMC’s Board since 1998, serving as chairman from 2016 to 2018 and as president and CEO from 1998 to 2016.
SGB Executive
EXEC: Black Diamond Returns to U.S. Growth in Q1, Posting DD Gain as Inventory Clears
By fall of 2025, all of our apparel and packs will be PFAS free, but there will likely be some residual PFAS inventory to clear in the first half of next year. BDE also made to exit the ski bindings business in the first quarter.
EXEC: BOA Fuels CODI’s Q1 Branded Consumer Group; Primaloft Sees Order Growth
BOA grew revenues and adjusted EBITDA by 13 percent and 15 percent, respectively in the first quarter of 2024. Bookings outpaced revenue growth, which supports expectations of a strong 2024.
EXEC: Fenix Outdoor Sees Q1 Sales Decline, but DTC Shines
Brands segments, which includes Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor, had sales of €45.2 million in the first quarter, falling 14.9 percent from €53.1 million in the prior-year first quarter.
